Senior officials at the US central bank including Fed chair Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank's long-term target of two percent, and the labor market continues to cool.
Since taking office in December, the budget-slashing Milei has applied a drastic austerity program in a bid to rein in chronic inflation and decades of government overspending.
President Cyril Ramaphosa acknowledged that delays or abandonment of public infrastructure projects negatively affect communities' access to services. To tackle this issue, the Department of Public Works and Infrastructure started identifying these problematic projects during the sixth democratic administration.
After raising rates at a record pace from mid-2022 to tackle surging consumer prices, the ECB has begun to ease the pressure as inflation rates have fallen.
Surging prices -- annual inflation came in at a little over nine percent in August -- is just one of the economic headaches Russia is grappling with as it has increasingly militarized its economy since ordering troops into Ukraine in February 2022.
Sanchez's visit to China has seen him meet top officials including President Xi Jinping and call for "dialogue and cooperation" with the world's second largest economy.
Leaders in Beijing have been seeking to boost domestic activity as property sector woes and trade frictions weigh on confidence.
The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.
Beijing for years dished out billions in loans for trains, roads and bridges in Africa that saddled participating governments with debts they often struggled to pay back.
The 20-country single currency zone's recorded economic growth of 0.2 percent between April and June from the previous quarter, down from the 0.3 percent estimate in July.
More than 50 African leaders and UN Secretary General Antonio Guterres are attending this week's China-Africa forum, according to state media.
China has shown strong support for South Africa's national unity and its chosen path for economic and social development. The Asian country also respects the South African government's efforts to protect its national interests and improve the lives of its people.
The sanctions were announced on the same day that Israel launched a wide-scale attack on the West Bank that it said killed nine Palestinian fighters, despite warnings by President Joe Biden's administration against expanding the war in Gaza.
UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".
Asian and European equities rose ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.
Minister in the Presidency of South Africa Khumbudzo Ntshavheni highlighted that the steady growth in manufacturing is encouraging for developing a production-based economy. This comes as the official unemployment rate rose to 33.5% in the second quarter of 2024, up from 32.9% in the first quarter.
Finance minister Rachel Reeves has already warned of "difficult decisions" over whether to cut spending or hike taxes on October 30, and the latest numbers will do little to ease those concerns.
Brussels last month slapped Chinese EVs with hefty provisional tariffs -- coming on top of current duties of 10 percent -- after an anti-subsidy probe found they were unfairly undermining European rivals.
President William Ruto had warned of a funding shortfall after he decided in June to drop the controversial tax hikes after a bloody day in Nairobi that saw the storming of parliament and police firing live bullets on demonstrators.
Investors appear to have got over the turmoil that beset trading floors earlier in the month as a string of data suggested that worries of a US recession had been overdone.
The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.
The US central bank's key lending rate has been at a two-decade high between 5.25 and 5.50 percent for the past year, with policymakers seeking to bring inflation back down toward the bank's long-term target of two percent.
Long-standing ultra-loose policies have made the BoJ an outlier among central banks in recent years and driven down the value of the yen.
The decision comes after the Horn of Africa country broke with decades of managing the birr, a move that unlocked long-negotiated funding with international lenders including the International Monetary Fund.
Consumer price increases in the single currency area reached 2.6 percent in July, up from a 2.5-percent rate in June, the EU's statistics agency said, higher than experts' forecast.
South African Reserve Bank (SARB) Governor Lesetja Kganyago explained that restrictive monetary policies and improvements in supply chains have helped reduce inflation from its 2022 highs.
Reeves, appointed to the role following the center-left Labour party's landslide election victory on July 4, will tell MPs the previous Conservative government "overspent this year's budgets by billions of pounds".
The National Bank of Ethiopia announced a series of foreign exchange reforms which it said involved "significant new policy changes".
Group Chief Executive of Transnet Michelle Phillips appreciated the African Development Bank's support, adding that the loan given by the bank will make a huge contribution to Transnet's capital investment plan to stabilize and improve the rail network.
The one-year LPR, which constitutes the benchmark for the most advantageous rates that banks can offer to businesses and households, was cut from 3.45 percent to 3.35 percent. This rate had already been lowered in August 2023.
